KINGSPORT, Tenn., May 19, 2008 - Eastman Chemical Company is increasing prices on the following products within the Adhesives and Polymers business effective June 15, 2008. An unprecedented increase in feedstock costs for our products, alternative value for raw materials, combined with rising energy and transportation costs are primary drivers of the price increase.
Hydrocarbon Resins:
Piccotac™: List: $US 0.09/lb ($US 0.20/kg) Global Off List: $US 0.09/lb ($US 0.20/kg) for NAR, LAR, and APR; EUR 0.17/kg for EMEA
Picco™: List: $US 0.07/lb ($US 0.15/kg) Global Off List: $US 0.07/lb ($US 0.15/kg) for NAR, LAR, APR; EUR 0.10/kg for EMEA
Hydrogenated Hydrocarbon Resins (Eastotac™, Regalite™):
Eastotac™: List: $US 0.09/lb ($US 0.20/kg) Global Off List: $US 0.09/lb ($US 0.20/kg) for NAR, LAR; $US 0.25/kg for APR; EUR 0.10/kg for EMEA
Regalite™: List: $US 0.09/lb ($US 0.20/kg) Global Off List: $US 0.09/lb ($US 0.20/kg) for NAR, LAR; $US 0.25/kg for APR; EUR 0.10/kg for EMEA
Pure Monomer Resins (Kristalex™, Endex™, Piccotex™, Piccolastic™, Plastolyn™) :
List: $US 0.07/lb ($US 0.15/kg) Global Off List: $US 0.07/lb ($US 0.15/kg) for NAR & LAR; $US 0.20/kg for APR; EUR 0.10/kg for EMEA
Hydrogenated Pure Monomer Resins (Regalrez™):
List: $US 0.09/lb ($US 0.20/kg) Global Off List: $US 0.09/lb ($US 0.20/kg) for NAR, LAR; $US 0.25/kg for APR; EUR 0.10/kg for EMEA
Polymer Raw Materials (Eastoflex™, Eastman G™ Polymers):
List: $US 0.10/lb ($US 0.22/kg) Global Off List: $US 0.10/lb ($US 0.22/kg) for NAR, LAR, APR; EUR 0.14/kg for EMEA
Rosins (Abalyn™, Abitol™, Cellolyn™, Foral™, Foralyn™, Pentalyn™, Staybelite™, Dymerex™, Poly-Pale™, Eastman Ester Gum 10-D, Dresinate™, Permalyn™ 4100, 5095, 5095-C, 5110, 5110-C):
List: $US 0.05/lb ($US 0.11/kg) Global Off List: $US 0.05/lb ($0.11/kg) for NAR & LAR; $US 0.20/kg for APR; EUR 0.07/kg for EMEA
CTO Based Rosins (Pamolyn™):
List: $US 0.05/lb ($US 0.11/kg) Global Off List: $US 0.05/lb ($0.11/kg) for NAR & LAR; $US 0.11/kg for APR; EUR 0.07/kg for EMEA
Hydrocarbon Resin and Rosin Ester Dispersions (Tacolyn™) :
List: $US 0.05/lb ($US 0.11/kg) Global Off List: $US 0.05/lb ($0.11/kg) for NAR & LAR; $US 0.15/kg for APR; EUR 0.07/kg for EMEA
Eastman manufactures and markets chemicals, fibers and plastics worldwide. It provides key differentiated coatings, adhesives and specialty plastics products; is a major supplier of cellulose acetate fibers; and produces PET polymers for packaging. As a Responsible Care® company, Eastman is committed to achieving the highest standards of health, safety, environmental and security performance. Founded in 1920 and headquartered in Kingsport, Tenn., Eastman is a FORTUNE 500 company with 2007 sales of $6.8 billion and approximately 10,500 employees. For more information about Eastman and its products, visit www.eastman.com or contact Garrett Wilburn, global trade media relations, at +1-423-229-2353 or globalmediarelations@eastman.com.